The purpose of the U.S. Geological Survey's (USGS) National Oil and Gas Assessment is to develop geologically based hypotheses regarding the potential for additions to oil and gas reserves in priority areas of the United States. The USGS recently completed an assessment of undiscovered oil and gas potential of the Cotton Valley Group and Travis Peak and Hosston Formations in the East Texas Basin and Louisiana-Mississippi Salt Basins Provinces in the Gulf Coast Region (USGS Provinces 5048 and 5049). The Cotton Valley Group and Travis Peak and Hosston Formations are important because of their potential for natural gas resources.
This assessment is based on geologic principles and uses the total petroleum system concept. The geologic elements of a total petroleum system include hydrocarbon source rocks (source rock maturation, hydrocarbon generation and migration), reservoir rocks (sequence stratigraphy and petrophysical properties), and hydrocarbon traps (trap formation and timing). The USGS used this geologic framework to define one total petroleum system and eight assessment units. Seven assessment units were quantitatively assessed for undiscovered oil and gas resources.